If it’s in preforeclosure, it’s still a regular sale, bank still gets paid off etc, time restraints can be a challenge is sale date is close, but most banks will extend if they get a fully executed contract and POF etc.

Since you already have banking history with that institution, they may be more likely to extend a credit line to you.

3) I see gutter downspouts that don't extend 6 feet beyond the property.

The common thread is that as long as you're showing progress, the land bank works with you and will extend the 6-month deadline to complete rehab.

If you can't pay off the note by refinancing into conventional financing or selling the property before the end of the term you may be able to extend the loan but there are additional fees involved. 

Before Dec.8 he informed me he has a court date on Dec 10 and the restriction removal might take place till next Feb, since I like the deal a lot I agreed to extend again but now my agent told me the seller does not want to sign the extension.

Good thing we had enough money to keep us going (paying the mortgage and everything else) while going over budget and extending the renovation process for more than we would’ve liked. 

I just started toying with the idea of moving to Montreal or Gatineau when we return to Canada from our extended trip.

@Cory Lucas to add to Andrew's Q's, if you looking at commercial lending for BRRRRs also ask if the payment is interest only, for how long (I always do a minimum of 12 months so I don't' have to rush projects, tenanting, or refinance), and if you go over the time limit... what is the cost to extend the loan rate (this can get pricey!). 

It turns out, he had been away from the house during the day for extended periods of time and was neglecting my dog.